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over big bucks. the government says they are tax evading lawbreakers. let's bring in a senior fellow at the cato institute. thank you for coming on the show tonight. 225,000. since when is it illegal to rent out your apartment on your own? >> this is an example of overzealous overreaching by the government. in the name of going after some slumlords or other people who are more notorious, they're going after people who are just trying to -- gerri: but they are not going after slumlords, are they? they just want some tax revenue. same as those hotel tax revenues. they say they want to get that. isn't that the real motivation? >> if that is what they wanted they could pass a loss objecting these people to taxes. think it is more nefarious than that. the unions and hotel lobbies want to shut down its competitors. gerri: i just understand why you can't do with your own property but you want to. why the government should be involved in all. they're trying to subpoena information to get your information and my affirmation in everyone's information who uses the service. >> absolutely. it is
and more troubling, the socialist government has backtracked several times on tax increases in the face of protests. with me on the set to discuss francois hollande's situation, dire situation, i should say, a andt from "figaro" magazine from -- the government blamed on the so- called eco tax, and environmental tax on trucks in the face of violent protest. , region west of france socialist stronghold, the prime minister explained that suspending the tax was an act of courage. the transport minister and i have already improved the law and changed some of the negative aspects. but this is not enough. willcertain the situation remain locked in brittany until we resume negotiations. it takes courage to restore dialogue. that is why i decided to suspend the implementation of the eco tax law. it will give us time for dialogue -- on the national and regional levels. >> it takes courage to dialogue. a somewhat argue it takes coverage -- someone would argue it takes courage, we make a decision, to stick with them. >> i think coverage has nothing to do with what is going on right now with the fre
and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
. i think we can do that. i am equally certain republicans in congress will not support tax increases, either directly or indirectly. front door or back door. asking american workers to send more of their paychecks to washington will hurt growth. similarly, taking more tax dollars from job creators will result in fewer jobs. i agree exactly with what senator grassley said, the $600 billion tax hike that came with the fiscal cliff legislation at the end of last year was our tax hike. we have gotten the tax hike, and we will not support another one. let's explore representative cole's idea of an expedited tax reform process to get us the pro-growth tax policies that will give us the additional revenue we need. lastly, let's explore enacting the mandatory savings contained in president obama's own budget. president obama has outlined budget savings in the entitlement programs that were courageous, difficult, but they do not cut benefits. these proposals do not cut social security. they do not cut medicaid. no one is suggesting, as has been alluded to, suggested by some members of this c
players threatened to go on strike over plans for a new super tax on the richest people in france. let's aw at this hour, star with the latest leak from former nsa contractor edward snowden. says theington post" national security agency has been hacking be data links that connect google and yahoo! around the world. laways the agency skirt the by collecting data from millions of local web users via underwater fiber-optic cables. kate moody explains. >> world leaders, foreign citizens, and internet giants, the latest victims of the national security agency's surveillance programs according to intelligence linked by edward snowden. the nsa has admitted to the program to access internet user accounts but described new reports that infiltrated yahoo! and google databases as factually incorrect. breakings not an essay into any databases. it would be illegal for us to do that. -- does collect information on terrorists and our national intelligence priorities, but we are not authorized to go into a u.s. company's servers and take data. we have to go to a court process for doing that. >> but th
it is not a fine, it is a tax. you know the government did not argue that it was a tax and even though the people challenging did not argue it is a tax, the supreme court called it a tax, and because it is a tax, you have to pay it first and then seek your refund. this is insane. and so people will have additional tax bill. they must pay the tax bill and petition the irs. begging the irs to have that money paid back to them because there was no insurance policy made available at the time the tax was due. >> that is because of judge roberts' ruling. >> it is because of the supreme court ruling. tax is different than a penalty. if we speed and have a point assessed. if you are i owe a tax and think it is too much. we pay the tax first and get the money back, later. that's what will happen to individuals who will not obtain insurance coverage because obama care doesn't work and the computer system couldn't get them to the insurance carrier and the dead line passed. >> so it is line garnishing the wages. >> it is the moral equivalent, yes. if you owe the tax and don't pay it, your employer will colle
justhe tax turned 100 and it looks every day its age. it is a broken, in efficient mass. -- mess. it is time to bring it into the 21st century. i'm committed to tax reform. and loopholesffs for us to close in the meantime without jeopardizing the goals of comprehensive tax reform. my hope is that this conference and put our feet in both can't , for tax reform and against tax ripoffs. --ood place to start incentives that push companies to move jobs overseas. second is medicare. the future for medicare is better care at lower cost. 965.s very different than 1 chronic disease, cancer, problems --d other current government rules and practices impede our efforts to deliver to these seniors. we are working on a bipartisan proposal to address these issues. we look forward to working with the conference on these issues. there is a better way, colleagues. is there-- my view parity between defense and nondefense. the rule of the whole -- theration debate rules were that you are going to cut defense and nondefense equally. to change those rules in the middle of this debate would be a very s
for that with an equal mix of spending cuts and revenue caused by wasteful tax loopholes that benefit the wealthiest americans and corporations. so getting a bipartisan deal to replace quest racial is going to require compromise. there is no way around it. i am going into this budget conference ready to agree to some tough spending cuts that unlike the quester -- sequester caps that disappear in 2022, will be locked into law. i know there are some republicans that would be interested in swapping some of the infish and damaging sequester cuts with programs that would save many multiples of cuts over the decades. i'm ready to listen to their ideas. as long as they are fair for seen yoirs and their families, i'm ready to make some concessions to get a deal. commowmies runs both ways. while we scour programs to find responsible savings, republicans are also going to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies. it is unfair and unacceptable to ask seniors and family to bear this burden alone. these are nothing more than wasteful spending
budget cuts be replaced. democrats suggested that through closing tax loop l holes while republicans focused on the cost of entitlement programs. this is two and a half hours. >> good morning, this budget committee hear will come to order. welcome to the committee members. the tradition in the committee is that the body hands the gavel over. that's what this is to the new chair, so i am very proud to open this up and following the tradition of the conference committee, it's my pleasure to hand this gavel over to my -- >> thank you. i'll put this somewhere else. thank you very much. welcome, everybody. i see all house members are here, and, well -- [laughter] today we're considering the concurrent resolution and begin with opening statementings, and i recognize myself and senator murray. confer reis are recognized between house and senate, and recognized in order of seniority between majority and minority. the remaining senators will alternate. due to the large number, each statement is limited to five minutes, there is no early bird rule. ab sent member is recognized in the next avai
times are among the highest in the country and let's not forget that taxes and spending in recent years to support the plan are under governor duval patrick have gone up substantially. we'll look at more of the claims by president obama in just a moment, but first, president obama now not the only one stonewalling for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening t
's defiant day in court. what it's like to support a family of seven on $8 an hour. taxing marijuana in colorado and other initiatives on the ballot tomorrow. >> plus a trov of 1500 paintings looted by the nazis found in a munich apartment. >> ifill: today's insider trading plea by the hedge fund, s.a.c. capital advisers, was notable not just for its financial penalty but also for the prosecutors' pursuit of criminal charges against the firm. jeffrey brown takes a deeper look at the violations in question and what the case may suggest about the government's broader investigations into wall street practices. >> brown: steven cohen is not just any trader. he was one of the street's best known traders. and his firm was one of the more successful, with a record of >> sheila kolhatkar national correspondent from business week has been connick elling b the case if he press conference today. i want to pick up on this notion of the success in pursuit of the wall street firm on criminal charges that has been a rare thing, right? >> generally the government has been reluctant to charge compani
in any temperature, even cold. tideod pop in. stand out. ♪ 'cause i'm the tax man, yeah, i'm the tax man♪ >> i love that music, i mean, that's just perfect because higher taxes may be coming thanks to obamacare. a report in the new york times that says millions of people will get free health coverage under obamacare. grover norquist joins us on the demands for ever more taxes. we're about a minute from the opening bell. come in from chicago, larry levin. look, larry, i've got a new poll from citigroup that says that 20 very rich families keep 39% of their assets in cash, only 25% in stocks. i'm surprised as so much cash. what does it tell you? >> well, it tells you those people have a whole lot of money, stuart and they've got less problems than a lot of people, even a lot of traders down here, you know, if you're going to keep-- >> do you think they're worried? do you think they're nervous with stocks as an all-time high and bonds doing very well, too? are they nervous? >> again, i think they may be nervous to a certain extent. you should be a little nervous when the markets are on t
of the party. folks that are trying to do comprehensive tax reform that you need to do, they're talking about taking tax rates to 25%. that's a republican principle. what stands in its way are people who won't even talk about revenue, because god forbid, if you take out all the xefrgss and deductions and let people play 25%, somebody will pay more, because they've been riding the back of the taxpayer with a loop-day-old hole. >> you mean taxes? >> no, i mean revenue. >> you mean taxes. >> of course, where does the revenue come from? >> republicans use terms like taxes and -- >> there are a lot of people at the top who aren't paying taxes, and i think that's what you're talking about. >> that means that some people taking advantage of loopholes have to start paying taxes. >> we should be talking about how to reduce government. >> we need to grow the economy. there's no way to solve it by cutting, cutting, cutting. >> not even realistic. >> but cutting taxes -- they gave it to the government. all that money none of that moan goes toward learning or innovation. it's essentially off the table for
of these crimes, you're asked to call police. >>> higher taxes in maryland may actually be saving lives. health advocates announced the state cigarette tax is stopping people from smoking and now they want to hike the tax even higher. >> reporter: the state already charges $2.00 in charges for each pack of cigarettes you buy. health advocates want that to be raised to $3.00 a pack to force more people to quit. for seven years, she smoked a pack of cigarettes every other day. >> i get shortness of breath walking up the steps. >> reporter: it wasn't just her health that suffered, her bank account took a beating. >> and they keep going up. i don't know why people keep buying them. >> reporter: according to a new report, that high price may be causing people to quit. advocates say cigarette sales have been on a steady decline for the past few years ever since tobacco taxes started rising. smoking rates have fallen 32% from 1998 to 2010. >> tobacco tax increases save lives. >> reporter: that's why vincent demarco is lobbying for another dollar increase. >> we want a new tax to go to health care and
with grossly incompetent. that's what works for me. i built a career on it. >> now they're tacking and taxing. why getting behind the wheel could put you behind the eight ball. >>> after fbn reported it, the mileage tax, get ready for other states to follow suit. >> can you imagine the people of oregon going along with putting a gps in the car so the government can -- >> we were wondering how do they know how far you're driving? >> more states are looking into this as a way to raise revenue, putting black boxes in people's car to tax them by the mile. the devices can either track where you are and that has a lot of privacy experts worried. but should they? attorney says no, they should not. but michelle says, well you know what? this is the government going berserk. michelle, ye of little faith. >> of course i'm berserk over this. why do you have to know where i'm going? >> i'm not. it's the government. >> it's this little information, this is why we need this information-but it gross into something else, and this kind of information winds up becoming too valuable to other agencies. so, while
of obamacare under congress' general taxing power. the court noted specifically that, quote, even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. mr. speaker, i want to read that one more time. even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, a
the law works is you have to take that money back in their tax refund. tax refunds matter. people plan their lives around their tax refunds. >> i understand that. >> they plan their spring breaks and their tax bills, they're going oget their tax refund taken away from them because they have signed up for a subsidy which they weren't eligible for which they didn't know. >> if you have been on the site, this is the clear instruction to the underage including 26. you're basically completing this application under penalty of perjury. it is very clear. there are help instructions on each site to explain each process. what is credible employer explanation. >> they are going to get taxed. >> time has expired. mr. lewis. >> thank you, madam administrator for being here thank you for your hard work and for your years of service. i happen to believe that health care is a right and not a privilege. it is not just for the fortunate few, but all citizens of america. now, the affordable care act is the law of the land. it was passed by the congress, signed into law by the president of the united sta
like to go to a party with some of those people? >> maybe not. but we work hard and send our tax money in and waste is the way sebelius and the rest of the bozos. >> from the chairman on down on the republican side except for ryan i have yet to see one that -- >> they put this website online october 1st and it wasn't ready and spent a lot of americans' tax money doing it. >> i'm not for it. >> should have had a nice afternoon on the hill today? >> no, but have some people with intelligence asking some questions. >> this is the thing you pointed out early are. sebelius frustration caught on a hot mike. >> i have a unanimous consent request. i'd like -- madam secretary -- >> don't do this to me. >> is she referring to her staff trying to give her something at the time? i can understand that. like if the producer would be yelling something in your ear right now, which he's not. what are you doing to me? i got this. i can handle it. i do think that if you were just coming in to watch the hearing, you're dipping in and out as an american, you're listening to this, you want her to be able to
months. it could mean delaying the tax penalties if you don't enroll or delay could mean not doing anything on the individual mandate. how do you read that? >> republicans sense weakness. when you look at senator joe manchin of west virginia and others are pushing to enter into the obama care exchange for the individual mandate, so democrats are pushing for a delay on that front. republicans, of course, are pushing for a delay of the entire individual mandate. they would like to get inteegious on the record on those fronts. >> robert costa, thank you very much. we appreciate it, as always. >>> health and human services kathleen inte k -- kathleen sebelius is set to testify tomorrow. going back to the office of management and budget during the reagan years. chairman fred, thank you for coming on. i appreciate it. look, a very embarrassing politically devastating moment for obama, this whole business about false promises and you are not going to be able to keep at least 50% won't be able to keep their insurance plans what can you do about it, fred? what can you do about it? >> well,
digging their heels in, french footballers say they'll strike over the planned super tax on the rich. >>> and police in canada say they have video of toronto's mayor apparently smoking a crack pipe. ♪ ♪ >>> welcome to al jazerra, it was an ambitious order, end syria's ability to produce chemical weapons. but it appears to have been done and ahead of schedule. the announcement from the world chemical weapons watchdog means syria can't produce any new chemical weapons. but damascus still has to destroy its chemical arsenal. kim explains how we got to this points. >> reporter: on august 21st, at least 1400 were killed, in what survivors called a chemical massacre. within days, the u.s. and its allies would condemn it too. >> this was not only a direct attack on human dignity, it's a serious threat to our national security. >> reporter: president obama quickly threatening military action against syria. syrian president bashar al-assad denied at tack and sent a warning to the u.s. >> you can expect everything. >> reporter: but polight i cannily, obama garnered support. >> the chemical
as sequestration be replaced. democrats suggested that you posing with acs tax loopholes while republicans focused focus on the cost of entitlement programs. this is 2.5 hours. >> good morning. this budget committee will come to order and welcome to all of our committee hearings and committee members, the tradition in the committee is the body the last chaired it hands the gavel over and that apparently is what this is, to the new chair. so i am very proud to open this up and follow the tradition of this committee and it is my pleasure to hand this big gavel over to my colleagues. >> it looks like a keeper. [laughter] >> thank you, i will put this somewhere else. >> thank you, chairman. welcome, everyone. i feel the house members are here. and today we are considering the resolution on the budget in the house amendment and we will begin with opening statements and i will recognize myself in and senator patty murray. each house will be recognized in the order of seniority alternating between minority and majority and since there are more from the senate and the house, asked her if they have made t
by rebels. >> taxing times for the super rich in france, footballers threaten to strike. >> i have the sports, including: >> it's been 95 years in the making as the boston red sox win the world series at fenway park. >> a top story out of syria, an important milestone has been reached in the effort to destroy syria's chemical weapons. the world's chemical weapons watchdog says all of the declared facilities for producing the weapons have now been destroyed. while the international community has focus said on chemical weapons, 1 million syrians currently live undersiege in their own country. many struggle to survive, and take shelter when they can. for this resident, feeding her family is a life threatening task. >> as you can see, we're a big, extended family. there are 30 kids here. i, my daughter and her kids, we have no one but mighty allah. this has been home for us for three months and we get two bundles of bread a day. one girl came home late yesterday, almost 11:00 at night. she went to the camp to bring bread. it cost nearly $4. my daughter went to the camp to bring flour,
is talking about accepting a budget deal without any knew taxes. on timing. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ neil: the conventional wisdom is that it will get nasty. you know, democrats are going to keep demanding high taxes and more taxes as part of any deal. lo and behold, or that the white house might be pulling a head fake or sincerely meaning they do not want taxes to be part of it. all the suddenness of the white house. >> trying to frame the debate. taxes were never on the table. this is all about spending. this is about the democrats to want more spending. upset at the sequestration. the only fight that the rep
, the white house is talking about accepting a budget deal without any knew taxes. on timing. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. we don't have time for stuff like laundry. we're too busy having fun. we get everything perfectly clean by tossing one of these in the wash. and that's it. i wanted to do that. oh, come on. eh, that's my favorite part. really? that's our tide. what'sours? ♪ neil: the conventional wisdom is that it will get nasty. you know, democrats are going to keep demanding high taxes and more taxes as part of any deal. lo and behold, or that the white house might be pulling a head fake or sincerely meaning they do not want taxes to be part of it. all the suddenness of the white house. >> trying to frame the debate. taxes were never on the table. this is all about spending. this is about the democra
tax rates. great infrastructure. we have done all the things we think we can do to help this be a great productive work environment, but there are certain things that are out of control that dramatically impact jobs in tennessee. when i hear manufacturers tell us, we love being in tennessee and we love the work environment, but if we had this agreement in place, we could produce x more jobs. it is frustrating to me as a governor because it is something that is out of my control, but it is critical for me to lend that voice, whether it is in washington or anywhere else, to raise it. we have worked hard to set up a great working environment in tennessee. we think we have it. there are certain things that are beyond our control. >> so i understand everyone on this panel is an enthusiast to these agreements, but we want to be clearheaded about some of the competitive costs. in the construction-mining business, what you see as the competitiveness that would come from -- imports would be less expensive? what are the challenges you will face of some of these deals come to be? >
on the tax policy. all of a sudden under the rules of the senate you need a supermajority to pass tax increases. if you're a pro choice woman especially in light of the fact that with a current make-up of the supreme court, you be concerned you're going to lose your right to access and safe abortion. so, again, the fact of the matter is, you know -- >> connect those dots for me, though. connect those dots. is the argument this? that if you muck with what the current filibuster rules are, you essentially begin to slide down a slippery slope, which will mean in the future republicans will muck with it in all kinds of radical ways? >> exactly. you're playing the long ball. if you're the democratic leadership looking out for the institution as a whole, you've got to be concerned about what may occur in the future. because after all, you know, you can't guarantee -- >> in the minority some day. >> yeah. you can't guarantee. >> here's the problem with the argument. right now, we seeing violations of all kinds of norms. the amount of filibusters has spiked. you have a crazy situation which r
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
, but the prospect of raising taxes remains a sticking point. >> simply taking more from the hard-working families of america just isn't the answer. i know my republican colleagues feel the same. so i want to say this from the get-go. if we look at this conference as an argument about taxes, we're not going to get anywhere. the way to raise revenue from our perspective is to grow the economy, to get people back to work. >> compromise runs both ways. while we scour programs to find responsible savings, republicans are also going to have to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies because it is unfair and unacceptable to ask seniors and families to bear this burden alone. >> ifill: the committee has until december 13 to hammer out an agreement. otherwise, the next round of cuts will kick in next year. we'll have more on this, later in the program. there's word that the national the deficit ran $680 billion -l last month. the first time red ink has fallen below a trillion dollars in five years. today's report said revenues rose by
without part of the taxes from palestinian authority. they promise us it is without taxes, free of taxes. but now actually last week they told us that they will go with the full taxes which we cannot afford the amount of money for that. therefore we shut down the plant today and it's already shut down at 6:00 in the morning today. so our program of distributing the power for the people is too much and only the power will lead six hours to consumers and off the next 12 hours which will effect all of the services sector and the life on gaza. what i can transmission of that is water pumping and the water plant treatment will stop, hospital will be effected and all other parts of life in gaza. >> reporter: so there is nothing that you could have done to ensure that the power was kept on in gaza? >> no. we could not. we are trying for almost last one month. we try and everyone in gaza and we raised the matter to the united nations from some of their organization here and we talked to european union and talked to all their people here. but no one could do anything for us and all promises and
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
in the private marketplace are, one, requesting to be comprehensive. two, you are going to have tax incentives, tax rebates for millions, as many as 6 or 7 million americans to get into this program. so they can get health coverage. >> who pays for that, julianne? who picks up the tab on rebates? >> that was part of the aca, that was part of the law. that was part of -- it comes through a tax rebate. >> let's talk about where the money comes from. originally when president obama pushed this, and turned a bill into a law, the cbo said it was going to be about $900 billion. now, they have upped that. the cbo has under that number to $1.8 trillion. we are not even talking about these additional insion incentives and rebates which is only going to add though that number. >> one how is it paid for tax increases like the medical equipment tax and increase on capital gains. there is no question there are some taxes that are paying for this secondly, the cbo also made it clear that the healthcare law was going to be a net reducer in terms of our federal deficit. >> julian, i have toil, president obama
st to sign up for coverage next year. and avoid new tax penalties. today's announcement had been expected - since the white house has been promising quick action to fix the many technical problems with the website. >> getting health care in california has been relatively easy compared to what's happening nationally with "obamacare" still, moving the penalty deadline back to march 31st is a relief for californians who are on the fence about their healthcare coverage. i just got off the phone with the executive director peter lee. >> this is great, this is very clear for us to be able to do or marketing. and if you want to wait until 2014? you will not get a penalty if you sign between open enrollment. open enrollment. >> from the beginning covered california has had far fewer glitches than the national website, in fact the executive director has been on the phone with the president. >> we've had calls with the president.of millions of americans and we have had talks and he does care a lot about this working because we are changing the lives of millions of americans. >> so far cove
with a blue cross silver atmo plan with tax credits, in that case, instead of $800 a month, it's $77 a month. and let me refer you to the interview on "meet the press" with the blue cross florida ceo. he was asked by david gregory, in florida, the oldest and largest health care plan provider, florida blue cross, confirmed it is cutting 300,000 policies. and this is what the chairman of blue cross of florida said, "we're not cutting people, and i quote, we're actually transitioning people. what we've been doing is informing folks that their plan doesn't meet the test of the essential health benefits. therefore, they have a choice of many options that we make available through the exchange, and, in fact, with subsidy, many people will be getting better plans at a lesser cost." so this has become a matter of legitimate discussion, and i think all of us would appreciate your addressing it. >> sir, again, going back to prior to the affordable care act days, these individuals in a small group or individual market had no protections. they had no guarantees of coverage, and they were still being cha
are available to them, including tax credits that are available to .hem we will continue that effort, including with the new resident remarks tonight. >> this week, there will be talks on iran's nuclear program in you jeanie buss. -- in geneva. what you expect from these talks? >> i would say a couple of things. as the president has said, the history of mistrust between the united states and the islamic republic of iran is deep and it will not be erased overnight. is nott we are doing now about trust. we are engaged in serious and substantive negotiations, but offering the possibility that we can stop the advancement of these nuclear activities. resolve the international community's concerns about the nuclear program in iran. our goal is to achieve a verifiable agreement that does not allow iran to obtain a nuclear weapon. and we have said the window is open for us to pursue this option. goal of notur allowing iran to possess a nuclear weapon, and i'm going to aggressively pursue that while the window is open, but it will not remain open indefinitely. we are going into this with eyes wide open,
tax questions, call us 1-877-249-9626. we want to hear you from. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. gerri: welcome back to our special user guide to obamacare, you still have time to send in your question, 1-877-249-9626. back again with me to answer your tax related questions. rich, thank you for coming back after dinner. i appreciate that. we have a caller here wayne in north carolina. what is your question? >> two questions, when there is a discussion about total income for individuals, as far as getting offset fro
? similar tax measures were defeated last year in richmond and almonte. >> it's a national trend that appears to be growing. we spoke with the san francisco supervisor scott wiener who discussed the possibility of a surcharge on sodas. it's his idea. the supervisor said that drinking them is a health risk. >> there is growing specific evidence that south air drinks are a leading cause of a spike in type 2 diabetes and that has to do with the way they absorbed into the bodies. they a direct cause. >> and for most americans, it might seem odd these days for sugar to join the list of big bad things like liquor or tobacco, the sip tax of the past -- syntax of the past. how do you think this is going to go over? >> they're a major, major health problem like tobacco. >> it's similar to that. the judged -- let me ask you this: what is the idea? is it to get money for programs for health and education for kids about not drinking south air drippings or to make it more expensive and prohibit it for people to buy it and they buy less of it. >> we're not prohibiting anything. it's like a tob
the treasury department showed a combination of more revenue like taxes and less spending. that led to a gap of $680 billion. guess what. it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates inclu
. about anlking opportunity society, talking about low tax rates, trying to help everyone be there yes and america. coming from where i came from, it resonated a little bit. i've got 11 brothers and sisters and my dad owned a bar, i've got brothers and sisters on every rung of the economic ladder and the idea of an opportunity society is to i was. of the 1970s and ,980s, these two people especially during the 1970s, by the end of the 1970s, i was a republican -- i have a ronald reagan bumper sticker on a 1980 in the primary, sorry jeb, [laughter] in 1980 eight, i found myself in manchester, new hampshire, joe and, if you will recall and in february of 1988, a lowly state rep, business guy go to manchester, new hampshire to help my buddy jack kemp. with jackhis dinner and joanne and a bunch of these really big-time congressman. the next day, i got my assignment to go knock on doors and i was assigned to go to the city dump. i thought what the hell is this? i went to the dump because in manchester, new hampshire, you up, yout garbage picked go to the dump. i stood in the dump, called a c
of the consumption tax will slow the economy and have stimulus to counter it will it work and the second is will they do a structural reforms, the third quiver of options are based, of economics, the structural forms that are necessary to really put more dine mitchell into the underlying economy .. >> rose: there is the question about the u.s. economy, if you look at 2013, are he they expecting growth to be right around two percent or 2.5? >> six percent next year. >> rose: 2014. >> 2014. i think most people, most forecasters have expected an acceleration towards the end of this year that would go into 2014, thus tar we haven't seen the figures and most recent figures are pretty disappointing, the government shut down, clearly played a role in that and slowed down the fourth quarter, the question is that going to continue and are we -- you know, is the acceleration that we think should be there, because the underlying ingredients weren't there are actually going to happen and so far, i don't see that much evidence of gliet so philip, what are the markets telling us? >> the markets have s
, for french footballers is kicking off as francois hollande holds firm on his top tier tax rate. we'll cross to paris at 10:20 cet. >>> and twitter's road show continues with the social media firm visiting chicago today. the company's set to start trading next thursday. but is the ipo price too conservative? we'll discuss that and plenty more coming up after this. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> part nationalized financing rbs will be creating an internal bad bank to separate toxic assets from the rest of its business. that as the lender's sole losses narrow from a year ago. it announced it was setting aside another 250 pounds for ppi selling provisions. rbs warned of a substantial full year loss. it expects litigation charges to continue. our br
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